That is a town of 500 people that swells for 9 months a year because of tourist.

The tenants will run out of oil and complain the furnace is broken , they will also complain when they have to pay to bleed the oil lines since it ran out of oil .. 

You can absolutely find this kind of inventory within Raleigh limits.To answer your question specifically - all of those cities have development through the rough - residential and commercial, more on the way and swelling buyer demand.

And, that it will last maybe a few years, because radiant humidity will swell the MDF, thus deforming and destroying the locks.   

Quote from @Jeff S.: Well, I wouldn’t say irrelevant, @Nolan Gottlieb.

With a purchase price of $225K and gross rents of $1,650, this thing will bleed so much negative cash flow that the street will turn red!

Thomas S.

You stick it through the butt of your components and his butt will bleed!

@Lennie HollandI have a partner and we split everything right down the middle, we cn spend far more than that,,,, but it pays off, So Cal is a tricky market, we do a good amount of deals a year with decent spreads, but theres always those huge deals, that come around 2 or 3 times a year...when they come we dont mess around we put alot back into the marketing side of the business which can carry our marketing for months...and im no expert, but i bleed marketing, i love it, its steroids to me, so i study it, i study the big companies like Sears, Walmart, kmart...etc...and i see how they operate and i apply it to real estate...My partner is a sales guy, he bleeds sales...So combine we make a good team, and one thing we both learned coming from the mortgage world, is LEAD CAPTURING, so we understand that and it allows to keep track of everyone who calls, everyone we speak to, follow ups etc...And no matter what anyone tells you, direct marketing is always the best, a simple letter or postcard, wording is not very important just get to the point...The big companies survive from this, they know what you want before you even know you want it, they track every dime you spend, every keystroke you make, and they feed you advertisment all day, and you dont even realize it...how does the mortgage guy know you need to refinance, how does Sears know you bought a house and wants to give you 50% off all appliances, how does the car guy know you only have 1 year left on your 5 yr car loan, and hes offering you the best eal ever...THEY ALWAYS KNOW...and we as REI should always know...its the same concept, its just finding those people....But anyhoo i know you didnt ask for ll of this, its late, and i always ramble when its late....its a bad habit for me

Do not buy right now.If the stock market keeps bleeding, that will eventually translate into layoffs and people abandoning their home.Keep an eye on the Preforeclosure and foreclosure rate.